HUD

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  • Waters Introduces Legislation to Help Prevent Unfair Foreclosures on Seniors with HUD Reverse Mortgages
    Posted in Press Releases on October 27, 2017 | Preview rr
    Tags: CFPB, HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, introduced the Preventing Foreclosures on Seniors Act, a bill to make reforms to the U.S. Department of Housing and Urban Development’s (HUD’s) reverse mortgage program to help prevent unfair foreclosures on seniors. HUD’s Home Equity Conversion Mortgages (HECM) program allows seniors to take out reverse mortgages, which convert a portion of their home equity into cash to supplement their income in ... Read more

  • Waters Introduces Legislation to Make FHA Mortgages More Affordable
    Posted in Press Releases on October 26, 2017 | Preview rr
    Tags: FHA, HUD

    Today, Congresswoman Maxine Waters (D-CA) introduced the Making FHA More Affordable Act, a bill to repeal the requirement that Federal Housing Administration (FHA) borrowers pay mortgage insurance premiums for the life of the loan, and reinstate the FHA’s previous policy of only requiring borrowers to pay premiums until the outstanding principal balance reaches 78 percent of the original home value. “Families who take out home loans through the Federal Housing Administration (FHA) should not be ... Read more

  • Waters Demands Answers from Carson Regarding Trump’s Threats to Puerto Rico
    Posted in Press Releases on October 12, 2017 | Preview rr
    Tags: Full Committee, HUD

    Today, at the first full committee hearing of the 115th Congress to examine the future of housing in America under U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, questioned Secretary Carson about the devastation in Puerto Rico and President Trump’s threatening and denigrating tweets on the matter. In the exchange, Ranking Member Waters highlighted President Trump’s tweets, in ... Read more

  • Waters Opening Statement at Hearing with HUD Secretary Carson
    Posted in Press Releases on October 12, 2017 | Preview rr
    Tags: Full Committee, HUD

    Today, at a full Committee hearing with U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: Thank you Mr. Chairman. America is currently in the midst of the worst rental housing crisis that we’ve ever experienced, and it is hitting our lowest income families the hardest. According to the National Low Income Housing Coalition, the United States has a sh... Read more

  • Waters Floor Statement on Omnibus Funding Bill
    Posted in Press Releases on September 7, 2017 | Preview rr
    Tags: HUD

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following floor statement on H.R. 3354: As Prepared for Delivery Mr. Speaker, I strongly oppose H.R. 3354, a bill that not only fails to make critical investments in our nation’s future, but also eliminates important protections for everyday Americans. As Ranking Member of the Financial Services Committee, I am particularly concerned that H.R. 3354 imposes such severe cuts on the Department of Hou... Read more

  • Waters Calls for Field Hearing on Homelessness in Los Angeles
    Posted in Press Releases on July 21, 2017 | Preview rr
    Tags: HUD, Homelessness

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, requested for the second time that Chairman Jeb Hensarling convene a field hearing in Los Angeles on homelessness. As the letter notes, the Committee has already begun to hold field hearings on housing issues in other parts of the country. “The 2017 Point in Time Count in Los Angeles County showed that there were 57,794 homeless persons on any given day in January 2017,” said Ranking Member Waters. “While ... Read more

  • ICYMI: Waters Addresses Affordable Housing Advocates and HUD Tenants
    Posted in Press Releases on July 7, 2017 | Preview rr
    Tags: HUD

    Last week, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, delivered remarks in Washington, DC at the Save HUD 202 Rally. At the rally, which was attended by residents of HUD Section 202 Housing for the Elderly, affordable housing advocates, and Members of Congress, Ranking Member Waters warned of the catastrophic harm that would result from the Trump Administration’s budget request, and pledged to continue to fight to protect affordable housing program... Read more

  • Waters and Green to Hensarling: Probe Trump Admin Investigations of OneWest Bank
    Posted in Press Releases on June 30, 2017 | Preview rr
    Tags: HUD, Department of Justice

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, and Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and Investigations, sent a letter to Committee Chairman Jeb Hensarling, calling on him to use the Committee’s full range of its investigative powers to examine the high potential for conflicts of interest with regard to the Trump Administration’s settlement with, and any pending investigations into, OneWest Bank while u... Read more

  • Ranking Member Waters Introduces Bill to Fully Fund Public Housing
    Posted in Press Releases on June 29, 2017 | Preview rr
    Tags: HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, along with seven other Democratic Committee Members, reintroduced comprehensive legislation to preserve and revitalize the nation’s public housing stock. The measure, entitled the Public Housing Tenant Protection and Reinvestment Act Of 2017, ensures safe, decent, and affordable housing for over one million families who rely on public housing. “We must renew our commitment to serving those mos... Read more

  • Committee Dems Request Hearings with Trump Administration Officials on Harmful Cuts to Housing Programs
    Posted in Press Releases on June 27, 2017 | Preview rr
    Tags: Full Committee, HUD

    Today, led by Ranking Member Maxine Waters (D-CA) and Subcommittee on Housing and Insurance Ranking Member Emanuel Cleaver (D-MO), all 26 Democratic Members of the Committee on Financial Services sent a letter to Chairman Jeb Hensarling requesting hearings with Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), and Sonny Perdue, Secretary of the U.S. Department of Agriculture (USDA), to discuss the Trump Administration’s budget request, which contains deep and h... Read more

  • Committee Dems Raise Concerns to HUD Inspector General About Trump Conflicts of Interest
    Posted in Press Releases on June 23, 2017 | Preview rr
    Tags: HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, and Congressman Al Green (D-TX), Ranking Member of the Subcommittee on Oversight and Investigations, sent a letter to the Acting Inspector General of the U.S. Department of Housing and Urban Development (HUD), expressing concerns about President Trump’s conflicts of interest with regard to Starrett City, a federally-subsidized, multifamily, affordable, housing development, and calling for answers to... Read more

  • Waters Statement on the Nomination of Joseph Otting to Lead the OCC
    Posted in Press Releases on June 6, 2017 | Preview rr
    Tags: OCC, HUD

    Following the announcement that President Trump will nominate Joseph Otting, former OneWest Bank chief executive, to lead the Office of the Comptroller of the Currency (OCC), Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released the following statement: “The mission of the OCC is to ensure that financial institutions operate in a safe and sound manner, provide fair access to financial services, and treat customers fairly. With Mnuchin at Treasury and... Read more

  • ICYMI: Committee Democrats Host Panel on Protecting Critical Community Development Programs
    Posted in Press Releases on May 30, 2017 | Preview rr
    Tags: HUD, Budget

    Last week, House Financial Services Committee Ranking Member Maxine Waters (D-CA), Vice Ranking Member Dan Kildee (D-MI) and Housing and Insurance Subcommittee Ranking Member Emanuel Cleaver (D-MO), hosted a roundtable discussion on how the Trump Administration’s full budget request would create suffering for whole communities; increase poverty, hunger and homelessness; and reduce economic development opportunities across the nation. The panel, which featured both urban and rural community leade... Read more

  • Roundtable Discussion: Protecting Critical Community Development Programs
    Posted in Press Releases on May 22, 2017 | Preview rr
    Tags: HUD

    On Wednesday, May 24, 2017, at 3:30 p.m. EDT, Ranking Member Maxine Waters (D-CA), Vice Ranking Member Dan Kildee (D-MI) and Housing and Insurance Subcommittee Ranking Member Emanuel Cleaver (D-MO), will host a roundtable discussion on how the Administration’s proposed elimination of the Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) programs would create suffering for whole communities; increase poverty, hunger and homelessness; and reduce affordable housing an... Read more

  • Waters Calls For Increased Funding for Federal Housing Programs in Fiscal Year 2018
    Posted in Press Releases on April 7, 2017 | Preview rr
    Tags: HUD, Budget, Homelessness

    Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, which oversees federal housing programs, urged her colleagues to meet the housing needs of the country’s most vulnerable populations during the federal appropriations process for fiscal year 2018. The Ranking Member proposed funding increases for a variety of federal housing programs, including the Department of Housing and Urban Development’s (HUD) McKinney-Vento Homeless Assistance Grants (McKinney-Ve... Read more

  • Waters Continues to Fight to End Homelessness in America
    Posted in Press Releases on April 6, 2017 | Preview rr
    Tags: HUD, Homelessness

    In response to the over 500,000 homeless Americans, including 120,000 homeless children, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, along with 14 Democratic Members of Congress, introduced groundbreaking legislation that outlines a strategic plan to end homelessness. The Ending Homelessness Act of 2017 represents the solution this country needs to effectively end homelessness in America. “Homelessness is a tragic reminder of the poverty that ... Read more

  • Waters Strongly Opposes Trump’s Harmful Budget Proposal
    Posted in Press Releases on March 16, 2017 | Preview rr
    Tags: Export-Import Bank, HUD, Budget

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released the statement below in response to President Trump’s budget blueprint: “This a dangerous budget, but we only know part of it. Trump’s massive cuts to housing and economic development programs would put millions of Americans and their communities at risk. But this is only part of the story: Trump’s budget is silent on the future of Wall Street’s cop, the Securities and Exchange Commission, and the ... Read more

  • Waters Slams the Trump Administration’s Harmful Plans for HUD
    Posted in Press Releases on March 9, 2017 | Preview rr
    Tags: HUD

    Today, in response to reports that the Trump Administration’s preliminary budget plans for the U.S. Department of Housing and Urban Development would cut more than $6 billion from its budget, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement: “Every day, the Trump Administration reveals with their actions that they are willing to abandon and betray hardworking Americans and vulnerable families. This shameful plan would slash f... Read more

  • Waters Blasts Carson’s HUD Confirmation
    Posted in Press Releases on March 2, 2017 | Preview rr
    Tags: HUD

    Following the U.S. Senate’s Confirmation of Dr. Ben Carson to lead the U.S. Department of Housing and Urban Development (HUD), Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement: “Senate Republicans have consistently confirmed Trump’s questionable cabinet nominee’s and today is no different. “The decision to put Dr. Carson in such a critical role in our Federal government reveals that Trump and Republicans are not serious abo... Read more

  • Waters: GOP Budget Views Abandon Main Street
    Posted in Press Releases on February 28, 2017 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, CFPB, HUD, Markup, Budget

    Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, rebuked Committee Republicans for putting forth budget views that fail to address issues of wealth inequality, the racial wealth gap, homelessness, affordable housing, consumer protection, and investor protection. As Prepared for Delivery Thank you, Mr. Chairman. Today, this Committee will consider Views and Estimates on the Budget for Fiscal Year 2018. This is important work, as our Committee has juris... Read more

  • Waters Condemns the Trump Administration for Betraying Homebuyers
    Posted in Press Releases on January 20, 2017 | Preview rr
    Tags: FHA, HUD

    Today Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement in response to the Department of Housing and Urban Development’s (HUD) announcement indefinitely suspending a reduction to the Federal Housing Administration (FHA) annual mortgage insurance premiums: “Just one hour after being sworn in, President Trump betrayed American homebuyers. Today, the Trump Administration declared its plan to indefinitely suspend President... Read more

  • Waters Dismisses Carson as a Viable Secretary of HUD
    Posted in Press Releases on January 13, 2017 | Preview rr
    Tags: HUD

    Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued a statement following Dr. Ben Carson’s confirmation hearing to serve as Secretary of the Department of Housing and Urban Development (HUD): “Yesterday's confirmation hearing continues the common thread that ties together the incoming Trump Administration: a fundamental lack of experience, as well as a total misunderstanding of the agencies that they have been nominated to lead and the people ... Read more

  • Waters Praises Castro for FHA Premium Reductions
    Posted in Press Releases on January 9, 2017 | Preview rr
    Tags: FHA, HUD

    In response to the U.S. Department of Housing and Urban Development’s (HUD) notice earlier today announcing the reduction of annual insurance premiums on most mortgages insured by the Federal Housing Administration (FHA), Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, praised HUD Secretary Julián Castro for his leadership in strengthening the FHA to carry out its mission to expand homeownership to low income borrowers, minority families, and first-time ho... Read more

  • Waters Calls for HUD, DOJ to Release OneWest Investigation Documents
    Posted in Press Releases on January 9, 2017 | Preview rr
    Tags: Department of the Treasury, HUD, Department of Justice

    Following her statement denouncing President-elect Trump’s nomination of Steve Mnuchin as Treasury Secretary, Congresswoman Maxine Waters (D-CA) called on the Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) to immediately release documents pertaining to investigations into any fraudulent or discriminatory activities committed by Mnuchin’s bank, OneWest. Congresswoman Waters underscored the urgency behind releasing these documents due to the conflict of inter... Read more

  • Waters Blasts Carson’s HUD Nomination
    Posted in Press Releases on December 5, 2016 | Preview rr
    Tags: HUD

    Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, issued the following statement after President-elect Trump announced he will nominate Dr. Ben Carson to serve as Secretary of the Department of Housing and Urban Development (HUD): “Dr. Carson’s nomination to lead the Department of Housing and Urban Development (HUD) is frightening. He may be a brain surgeon but he is not qualified to run HUD. Donald Trump knows this. During the Republican primary, he call... Read more



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